Search

Understanding End of Financial Year Strategies

Hang on a minute! I’m not going to bore you with topics such as – “Top tips for preparing for EOFY” “Tips for ….” You get my point. I’d like to focus on how these “top tips” may impact you Pay Interests in Advance We’re making a big assumption that you’ve started to create wealth using some growth assets (property or shares). If you’ve borrowed money to invest in these asset classes, then consider structuring the loan to allow you to pay your interest costs in advance. Benefits of pre-paying interest may be suitable to you. Let’s break this down in dollar terms. Say your interest repayment on an investment loan is $20k per year. Come June 30, 2017, you get to offset $20k against income earne

General Advice Warning:  The information and material on this site is very general and may not relate to your personal situation.

We encourage you to talk to us about your specific situation before making any decisions based on this information.

©2020 Wealth Peak Financial Advice is a Corporate Authorised Representative of its sister company Brela Group

AFS Licence Number: 512840 and ABN 80 629 633 898

North Sydney | advice@wealthpeak.com.au | 02 9121 4545

  • LinkedIn - White Circle